Wednesday, December 16, 2015

The science is (nearly) settled: a higher minimum wage costs jobs « Hot Air: "A friend of mine who operates a small chain of franchised eateries once told me that saying a higher minimum wage creates more jobs is akin to throwing an anchor to a drowning man because it would really incentivize him to dog paddle faster. While that seems to be common sense whether you’re an employer or an economist, no amount of rational explanation seems to dissuade the Democrats when they get up on their populist horse and begin promising the masses of lower income workers some extra cash. To be fair, it’s not a bad tactic if you’re trying to drum up votes because people love “free” stuff and unfortunately there are far too many voters who don’t want to see the big picture and how it could negatively impact them."